Japanese government bonds rose in the Tokyo market, following the overnight rise in US government bond prices.

Japanese government bonds and US government bonds often fluctuate in sync. The price of Japanese government bonds may also be boosted by the recent drop in oil prices, which could lead to a decrease in inflation pressures in Japan and ease concerns about the Bank of Japan rapidly raising interest rates. The 20-year yield on Japanese government bonds fell by 7.5 basis points to 3.79%. The 10-year yield on Japanese government bonds fell by 4.5 basis points to 2.830%. The 40-year yield on Japanese government bonds fell by 7 basis points to 3.965%. At the same time, the yen rose 0.2% against the US dollar to 162.11.